Motor InsuranceTwo Wheeler Insurance

Two Wheeler Insurance

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Two-Wheeler Insurance Policy

Factors for premium

  • IDV (Insured Declared Value)
  • CC (Cubic Capacity of Engine)
  • Registration Zone
    Zone A:Delhi, Kolkata, Mumbai, Chennai, Ahmedabad, Pune, Bangalore & Hyderabad.
    Zone B:Rest of India.
  • Age of Vehicle
  • Add on Covers
  • NCB (No claim bonus)

Key Points

  • Financial Protection: Two-wheeler insurance provides financial cover in case of expenses incurred following an accident, theft, or third-party liabilities, without burning a hole in your pocket.
  • Accidental Injuries: Not only does the policy cover damages sustained by your vehicle in an accident but also covers any accidental injuries that you may suffer following an accident.
  • Cost of Spare Parts: The cost of replacement of parts damaged following an accident is covered under the policy. which have become costlier than before.
  • Roadside Assistance: At the time of policy purchase, you can opt for roadside assistance that will come to your aid in case you are stuck on the road. This includes services such as towing of vehicles to the nearest workshop, minor repairs, flat tyre, etc.
  • Peace of Mind: Any damage to your vehicle can lead to huge repair charges. So, get your vehicle insured under package policy, and let your insurers take care of the unwanted expenses and ride without any worries


  • Any loss or damage caused to the vehicle due to road accidents, Natural Calamities: Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide, etc.
  • Any loss or damage caused to the vehicle due to Manmade Calamities: Burglary, theft, riot, strike, malicious act, accident by external means, any damage in transit by road, rail, inland waterway, lift, elevator, or air in India.
  • Personal accident cover: The motor insurance provides compulsory personal accident cover of Rs. 1 lakh for individual owner-driver of the vehicle insured while traveling on, mounting, or dismounting from the vehicle.
  • Third-party legal liability: Protects the insured against legal liability arising due to accidental damages, any permanent injury/ death of a person, and/or any damage caused to the property belonging to the third parties.


  • Depreciation, wear and tear
  • Mechanical and electrical failure or breakdowns
  • Drunken driving
  • Any accident, loss, damage and or liability caused, sustained or incurred outside the Geographical Area;
  • Any claim arising out of any contractual liability;
  • Any accident, loss, damage and/or liability can be sustained or incurred whilst the Motor Vehicle is
    • Being used otherwise than in accordance with the Limitations as to use or
    • Being driven by any person other than a Driver as stated in the Driver's clause.
    • Any accident loss or damage to any property whatsoever or any loss or expense whatsoever resulting in or arising there from or any consequential loss

No Claim Bonus

The insured is entitled to a No Claim Bonus (NCB) on the Own Damage section of the policy, if no claim is made or pending during the preceding year (s), as per the following table:

Period of Insurance % of NCB on OD Premium
The preceding year 20%
Preceding two consecutive years 25%
Preceding three consecutive years 35%
Preceding four consecutive years 45%
Preceding five consecutive years 50%

No Claim Bonus will only be allowed provided the policy is renewed within 90 days of the expiry date of the previous policy.

The schedule of depreciation for fixing the IDV of the vehicle

Age of Vehicle Depreciation
Not Exceeding 6 Months 5%
Exceeding 6 Months but not exceeding one year 15%
Exceeding 1 Year but not exceeding two years 20%
Exceeding 2 Years but not exceeding three years 30%
Exceeding 3 Years but not exceeding four years 40%
Exceeding 4 Years but not exceeding five years 50%

IDV of vehicle beyond 5 years of age and of obsolete models of vehicles is to be determined on the basis of an understanding between the insurer and the insured. IDV shall be treated as market value throughout the policy period without any future depreciation for the purpose of total loss (TL) / Constructive Total Loss (CTL) claim.

Claim process

In the event of loss, the following actions to be taken immediately. To intimate to the insurer about the occurrence of loss, submit a full statement in writing of the claim, provide the nature and extent and estimate of loss. Any delay in intimation might jeopardize the claim as the insurer may express an inability in accepting liability of the loss/damage.

  • To take all steps to reduce and minimize the extent of loss/damage and liability.
  • Proximate cause of the loss and assess the type/extent and whether it is within the scope of the policy.
  • To extend full co-operation to the insurer and the surveyor appointed for completion of the survey work and for proper assessment of the loss.
  • Provide documents such as claim form, copy of Policy, DL, RC copy etc.

Why Choose PrishaPolicy

5 Reasons why you should choose us to be your policy issuing partner of choice. Allow us to tell you why we are one of the fastest growing insurance brokers.

Customer-Centric Culture

For us, you always come first. Our products and services are designed to find the best coverage for all.

A Decade of Market Leadership

Our teams expertise and experience makes them the perfect guides in choosing a policy that fits your needs.

Reliable and Consistent

Rest assured that everything will be taken care of without a glitch. From shortlisting to claims processing & delivering promises without a hitch.

Guided Policy Assistance

Our experts are forever ready to assist you through each policy detail with a fine-tooth comb.

Claims Assistance

Our DNA prompts - Sales is incomplete without timely support. From start to end, we facilitate smooth processing from lodging to settlement.

Still Thinking About It?

Get on a call with us. We take pride in being associated with you for competitively managing your risks with the best insurance covers and delivering a stress-free experience.

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Questions You Might Have

How is the motor insurance premium calculated?

Motor insurance premium is calculated basis various factors, such as IDV, deductibles, seating capacity, cubic capacity, previous insurance history etc. For comprehensive insurance plans, premium charges vary insurance provider per insurance provider on the basis of the coverage provided. Do compare insurance premium on websites like PrishaPolicy so that you get the best quote. Third-party premium amounts are decided by IRDA.

What should I do in case of an accident?

In case your vehicle meets with an accident, you should notify the police and take spot pictures. Click pictures of your vehicle as well as the other vehicle from all angles and focus on the damages. Exchange crucial information from the driver of the other vehicle, including policy number, motor insurance provider, name, phone number, etc. Contact your insurer and file a claim in order to get your damages covered. Keep your car keys and belongings safe.

What is "No Claim Bonus" in Motor Insurance?

No Claim Bonus" is the benefit accumulated to a policyholder in case he hasn't filed any claim throughout the policy period. According to the present Indian norms, it varies from 20-50 per cent for the comprehensive insurance plan. NCB isn't applicable for a third-party motor insurance plan. If a claim is filed, then the "No Claim Bonus" is lost for that policy period. NCB is provided to the policyholder and not to the insured car, two wheelers or commercial vehicle. At the time of the vehicle transfer, the insurance plan could be transferred to a new owner but NCB can't be transferred. The responsibility of paying the remaining balance falls on the shoulders of the new buyer. The original/former owner of the vehicle can use the NCB at the time of purchase of a new automobile

What happens if I don't buy motor insurance for my vehicle?

All cars, bikes, scooters and trucks plying on Indian roads need to have a valid motor insurance policy. If you don't buy motor insurance for your vehicle, you will defy the Motor Vehicles Act, 1988 and will be liable to pay a fine of Rs. 2000 or get jailed for up to three months.

Is buying motor insurance policy easy?

Yes. It is very easy to buy motor insurance for your vehicle, be it a two wheeler, a car or a commercial vehicle. You can get in touch with an insurance agent or visit the branch of the insurance provider. All insurance companies in India also allow vehicle owners to purchase insurance online within a few minutes without any hassles.

If I lose my motor insurance policy, Would I get a duplicate copy?

Yes. You have to approach the office of your motor insurance provider from where you have purchased your policy and submit a request in writing. A nominal fee would be charged for the issue of a duplicate policy. If you have purchased a motor insurance online, you can also download a duplicate copy of your policy from the insurer’s website